OneMove Technologies Inc.
TSX VENTURE : OM

OneMove Technologies Inc.

August 07, 2009 18:32 ET

OneMove™ Records its Best Month Ever in July

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 7, 2009) - OneMove Technologies Inc. (TSX VENTURE:OM), announced today that July's gross revenues of $199,122 on 6,728 transactions was the highest in the company's history.

The company's previous record high was in June. OneMove believes this trend's strength is supported by the number of new firms in British Columbia adopting their web-based real estate transaction platform econveyance.

"Yes, it is another best month ever in both revenues and in cost savings. And yes, we have worked very hard to make both happen," said Martin Johnson, CEO of OneMove. "Is it a surprise? We may appear to be an overnight success to some, but it's a seven year overnight success. This is where hard work is paying off."

OneMove implemented cost savings measures in the previous quarter that included discontinuing their relationship with BC OnLine. This decision alone saved the company $53,000 in July, and over $146,000 since the beginning of May of this year.

According to Johnson, it is increased transactions that are fuelling soaring revenues. The upward trend of econveyance transactions and users saw July increase 6% over June, and 26% over July of the previous year. 2009 has seen consistent growth and adoption of OneMove's econveyance with revenues increasing by over 18% per month since January.

Johnson believes it is the product that is winning users over, "If you were to take all other conveyancing software providers and add together the number of firms that use their products in BC, the number of firms using econveyance would be 30% higher. We are growing and dominating this market because we simply have the best product out there. Add our customer support and commitment to continually improve econveyance and frankly, you have a winner."

OneMove also announced that is has closed the first tranche of $225,000 of their previously announced $750,000 private placement, subject to exchange approval. The company will continue with the balance of the offering, subject to the same terms and conditions, to strengthen its cash on hand and general working capital.

Prospective and current shareholders are invited to join OneMove's official investment forum at www.pinnacledigest.com/company/om:ca. The online forum allows for investor controlled discussion, questions, feedback, third party reports and articles.

About OneMove Technologies Inc.

OneMove Technologies Inc. (TSX VENTURE:OM) is a real estate transaction platform. Through econveyancePro™, a leading edge web-based conveyancing software solution, OneMove™ simplifies and expedites the process of buying and selling real estate in British Columbia, Canada. econveyance links all participants in the property transfer process, offering a secure and efficient means of seamlessly completing and monitoring the transaction online. Additional information about OneMove can be found at www.onemovetech.com or www.sedar.com. Conveyancing professionals can obtain additional information at www.econveyance.com.

Forward Looking Statements

This press release contains certain "forward looking statements". These statements relate to future events or future performance and reflect expectations and belief regarding growth, results of operations, performance, business prospects, opportunities or industry performance and trends. These forward looking statements reflect current internal projections, expectations or beliefs and are based on information currently available. A number of factors could cause actual events or results to differ materially from the results discussed in the forward looking statements. Although it is believed that the forward looking statements contained in this press release are based upon reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward looking statements. These forward looking statements are made as of the date of this press release, and OneMove Technologies Inc. assumes no obligation to update or revise them to reflect new events or circumstances, except as required pursuant to applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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